Constellation will offer its residential customers the option to install Sunrun solar PV systems in four Eastern states.
The Exelon-owned competitive electric supplier will offer homeowners in Maryland, Massachusetts, New York and New Jersey the option to lease Sunrun systems. Customers can also choose another financing option through Sunrun, although Constellation thinks the lease option will be most attractive.
“We want to put ourselves in the position to be their energy advisor,” said Bruce Stewart, chief marketing officer at Constellation.
Constellation’s largest retail business is in Maryland, where parent company Exelon also owns distribution utility Baltimore Gas & Electric. In the four states where it will partner with Sunrun, Constellation has about 700,000 residential customers, although not all will be candidates for rooftop solar. Constellation’s home service company in Maryland, BGE Home, will also offer Sunrun’s products.
The energy retailer chose to offer Sunrun in these four states because they are already active solar markets. Massachusetts and New York are ranked No. 4 and No. 5, respectively, for annual PV installations in 2015, with New Jersey and Maryland coming in 10th and 11th.
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